Amidst record price highs for Bitcoin and Ethereum, ETFs for these cryptocurrencies have seen significant capital inflows, achieving the best levels since November 2024.
Inflow in Bitcoin ETFs
On Thursday, May 22, Bitcoin ETFs registered a net inflow of more than $934 million, marking their best performance since January 17. As a result, total assets under management in Bitcoin ETFs reached $104 billion.
Growth in Ethereum ETFs Inflows
Ethereum ETFs also showed significant inflows of $110 million, the highest single-day increase since February 4. The main gainer among these was the Grayscale ETHE fund, with a $43.7 million inflow.
Current Trends in the Crypto Market
The crypto market remains resilient despite a general downturn in equity markets. Traders are actively engaging in Bitcoin's bullish rally, which reached a new all-time high on May 22 at $111,970.
These results reflect continued investor interest in Bitcoin and Ethereum, showcasing confidence in the future of the cryptocurrency market even amidst broader economic challenges.
